-
FTC Seeks To Undo Altria's $12.8B Juul Investment, Says It Violated Antitrust Laws
Thursday, April 2, 2020 - 8:13am | 263Read More...The United States Federal Trade Commission on Wednesday said that it had filed an administrative complaint against the $12.8 billion investment of Altria Group Inc. (NYSE: MO) in e-cigarette maker Juul Labs Inc. What Happened The investment, along with the associated agreements, violated the...
-
Juul Proposes 'Age-Locked' E-Cigarettes To Win FDA Approval
Tuesday, February 25, 2020 - 5:51am | 382Read More...Juul is planning to propose e-cigarettes that only unlock for persons above the legal age of smoking to the Food and Drug Administration as it seeks to remain in business in the United States, the Wall Street Journal reported Monday. What Happened The e-cigarette makers have the chance to...
-
What Investors Should Know About Vaping Hardware
Saturday, January 4, 2020 - 10:45am | 390Read More...On Nov. 15, Apple Inc. (NYSE: AAPL) removed all vape apps from the iOS App Store. This shift is one of the latest developments in corporate and government efforts to mitigate the negative public health consequences from vaping both nicotine and cannabis. The CDC and FDA are investigating...
-
FDA Set To Ban Flavored E-Cigarette Pods
Thursday, January 2, 2020 - 10:33am | 288Read More...The Food and Drug Administration is planning to ban fruit-flavored e-cigarettes this week, according to the The Wall Street Journal. The update in policy, which the Journal said could come as soon as Friday, is intended to curb a surge in underage vaping and will be applied to pod-based...
-
Congress Passes Spending Bill That Raises Tobacco, E-Cigarette Buying Age To 21
Thursday, December 19, 2019 - 3:28pm | 554Read More...The age for buying tobacco and e-cigarettes will rise from 18 to 21 in the United States under a budget measure passed by Congress Thursday. Trump Plans To Sign Bill The measure, the most dramatic change in the tobacco product law in more than a decade, is part of a $1.4-trillion...
-
Which Tobacco Companies Are Most Exposed To E-Cigarette Headwinds?
Wednesday, November 27, 2019 - 3:05pm | 887Read More...With the e-cigarette industry continuing to face fallout from illnesses and deaths linked to vaping, and the regulatory future of the business up in the air, here's a look at which public companies are most exposed to changes in the e-cigarette landscape. More than 45 lung injury deaths...
-
BDS Analytics' September 2019 Cannabis Price Index (CPI) Points To Seasonal Decline
Tuesday, November 26, 2019 - 10:39am | 327Read More...Earlier this month, global cannabinoid market research company BDS Analytics released its September Cannabis Retail Price Index (CPI). The index hit 102.29 in September, a decrease from both the previous month (104.01) and this time last year (104.28). Year-to-date, the average retail prices of...
-
Juul Smokes Out 650 Jobs To Save $1B In Costs Next Year
Tuesday, November 12, 2019 - 12:11pm | 291Read More...Vape maker Juul confirmed Tuesday it will speed up the pace of job cuts from 500 to 650 to save close to $1 billion next year, CNBC reported. What Happened Juul plans to eliminate around 16% of its total 4,051-employee workforce, which marks a reversal from its previous pace of hiring 300 employees...
-
Greenlane Posts Quarterly Net Loss Of $9M, Announces Stock Buyback
Friday, November 8, 2019 - 12:20pm | 321Read More...Cannabis company Greenlane Holdings, Inc. (NASDAQ: GNLN) reported a third-quarter net loss of $9 million Friday, compared to from $100,000 one year ago. The larger loss was mainly because of a higher cost of sales, bigger depreciation and amortization expenses and investments in...
-
Altria Analysts Dissect Q3 Print, Juul Writedown
Friday, November 1, 2019 - 3:17pm | 443Read More...Tobacco company Altria Group Inc (NYSE: MO)'s third-quarter print was viewed favorably by at least two Street analysts. The Analysts Bank of America Merrill Lynch analyst Lisa Lewandowski maintained a Buy rating on Altria with a $54 price target. Deutsche Bank analyst Steve Powers...
-
Altria Takes $4.5B Writedown On Juul Investment
Thursday, October 31, 2019 - 11:06am | 390Read More...Cigarette and tobacco company Altria Group Inc (NYSE: MO) said in conjunction with its third-quarter report that it took a $4.5-billion pretax charge against its earnings from its investment in e-cigarette maker Juul. What Happened Altria said in its earnings release that a decision to...
-
Juul, Facing Regulatory Crackdown, To Lay Off 500
Tuesday, October 29, 2019 - 10:20am | 482Read More...Juul Labs Inc. will reportedly about 500 employees by January in anticipation of damaging regulatory developments. The layoffs could reduce the e-cigarette maker's workforce by 10% to 15%, The Wall Street Journal reported Monday. The move is a sharp reversal of a rapid...
-
Thursday's Market Minute: CEO Exodus
Thursday, September 26, 2019 - 9:43am | 379Read More...Change starts at the top, and companies have to be willing to shift strategies to stay competitive, or at least out of trouble. A report from Challenger, Gray, and Christmas states that CEO turnover hit 159 in August, an all-time record. Yesterday, WeWork, Juul, and eBay Inc (NASDAQ: EBAY)...
-
Ex-FDA Chief: Juul Created Teen Vaping Epidemic
Wednesday, September 25, 2019 - 12:13pm | 583Read More...Just minutes after vaping company Juul announced Wednesday that its CEO Kevin Burns will step down, former FDA Commissioner Dr. Scott Gottlieb told CNBC the company was responsible for "creating this teen epidemic" of widespread vape usage. What Happened Juul will replace Burns with...
-
Altria, Philip Morris End Merger Talks
Wednesday, September 25, 2019 - 7:50am | 409Read More...Altria Group, Inc. (NYSE: MO) and Philip Morris International Inc. (NYSE: PM) have ended merger discussions with Altria providing a statement on Juul leadership change and tightening 2019 full-year earnings guidance. "While we believed the creation of a new merged company had the potential to...
